# Centre cuts export duty on parboiled rice to 10% | Mint

> India's government cut the export duty on parboiled rice to 10% from 20%, effective immediately, with similar cuts for husked rice and paddy. The move follows storage pressure from last year's stock as the new crop procurement starts on October 1. The duty had been raised in August 2023 after a poor El Niño monsoon.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/12951-centre-cuts-export-duty-on-parboiled-rice-to-10-mint
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower export duties make Indian parboiled rice more competitive abroad and add supply to global markets. Clearing storage also means more rice available for export, which is bearish for rice prices.

## Read by commodity

- RICE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-10-01 | 1 | -11.2% | -2.3 | The cut in export duty on parboiled rice to 10% on Sept 27 adds to the export supply outlook, reinforcing the bearish move, though it is a secondary factor. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-10-23 | [With granaries full, India axes export duty on parboiled rice \| Mint](https://feedsoft.ai/events/27796-with-granaries-full-india-axes-export-duty-on-parboiled-rice-mint.md) | -1.2% | -0.2% |
| RICE | 2025-02-03 | [Govt decides to scrap export tax on parboiled rice to boost exports -](https://feedsoft.ai/events/26007-govt-decides-to-scrap-export-tax-on-parboiled-rice-to-boost-exports.md) | -0.9% | -3.6% |
| RICE | 2024-10-22 | [India scraps parboiled rice export tax to boost shipments](https://feedsoft.ai/events/27794-india-scraps-parboiled-rice-export-tax-to-boost-shipments.md) | -0.1% | +0.5% |
| RICE | 2024-10-23 | [India lifts all curbs on rice exports, scraps 10% export duty on parboiled rice, $490 floor price for white rice - The HinduBusinessLine](https://feedsoft.ai/events/27795-india-lifts-all-curbs-on-rice-exports-scraps-10-export-duty-on-parboiled-rice.md) | -1.2% | -0.2% |
| RICE | 2022-11-01 | [CBIC notifies Export Duty Exemption to Specified Varieties of Rice Read Notification](https://feedsoft.ai/events/7735-cbic-notifies-export-duty-exemption-to-specified-varieties-of-rice-read.md) | +5.2% | +8.1% |

## Sources

- livemint.com: https://www.livemint.com/industry/agriculture/parboiled-rice-export-duty-paddy-kharif-crop-procurement-exports-el-nio-11727458161463.html
- reuters.com: https://www.reuters.com/markets/commodities/india-reduces-export-duty-parboiled-rice-10-20-government-order-says-2024-09-27/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.